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Sonic R. System

  • #5,921
  • Sep 3, 2009 7:39am Sep 3, 2009 7:39am
Quoting Leo.
Yes i see what you mean. Decided to just close the USD/CHF trade for 31 pips as the EUR news came out.

Still a real newbie in this yet, so im happy not to risk much and just take profits at the first reasonable opportunity.

Leo

ur tp was a ideal and correct.

valid setup and nice pips. keep it up rem to post and shares ur setup
trade safe
  • #5,922
  • Sep 3, 2009 7:54am Sep 3, 2009 7:54am
Quoting Muhammad989
if u read the PA and u check 4hr chart and check the bounce the 131.00 lvl and up really i found the bullish engulfing candle ....it is BLSH .......hope u understand my english not good..
Muhammad, your English is fine, and your trading and your grasp of price action is excellent. I only have three vouches, or I'd give you your first vouch. Once I get my fourth vouch, I will certainly vouch for you. You have earned it.

Any new Sonikers happening upon this thread should read all of Muhammad's posts here in Sonic's thread. He has left a public record of the journey of a Soniker from Soniker-in-Training to Super Soniker!

Great effort, great job!
  • #5,923
  • Sep 3, 2009 8:06am Sep 3, 2009 8:06am
Thnx DD v all r here just help each other and try to learn and share our sonic R setup .....and try to filter our trades

Muhammad


Quoting ddaytrader
Muhammad, your English is fine, and your trading and your grasp of price action is excellent. I only have three vouches, or I'd give you your first vouch. Once I get my fourth vouch, I will certainly vouch for you. You have earned it.

Any new Sonikers happening upon this thread should read all of Muhammad's posts here in Sonic's thread. He has left a public record of the journey of a Soniker from Soniker-in-Training to Super Soniker!

Great effort, great job!
FxHome
  • #5,924
  • Sep 3, 2009 8:12am Sep 3, 2009 8:12am
Quoting sonicdeejay
TP 1 hit last nite...and TP 2 just hit as well @ 1.635x...+200

triple top in a making for H4...too late to Long..too early to short,,,
Sonic
Amazing trade! Thank you for sharing your systems with us, Sonic!
  • #5,925
  • Sep 3, 2009 8:42am Sep 3, 2009 8:42am
Quoting traderathome
Excellent post, ddaytrader.

Thank you, TAH, that means a lot coming from you.
  • #5,926
  • Sep 3, 2009 9:19am Sep 3, 2009 9:19am
looking Price reject top and falling down now .......lets c our tps best
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FxHome
  • #5,927
  • Sep 3, 2009 9:25am Sep 3, 2009 9:25am
If the price goes below dragon, my short GU will be in place
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cut losses short, let profits run.
  • #5,928
  • Sep 3, 2009 11:07am Sep 3, 2009 11:07am
e/u bounce at pivot and now deciding where she wanna go ...
FxHome
  • #5,929
  • Sep 3, 2009 12:27pm Sep 3, 2009 12:27pm
Quoting Muhammad989
e/u bounce at pivot and now deciding where she wanna go ...
PA sandwiched between pivot and 89 ema, with some heavy volume on the run down. Wonder if consolidation on the road south? Net price change today......nada!
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  • #5,930
  • Sep 3, 2009 12:38pm Sep 3, 2009 12:38pm
Situation on USD/CHF
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cut losses short, let profits run.
  • #5,931
  • Sep 3, 2009 12:44pm Sep 3, 2009 12:44pm
Quoting traderathome
For Domas4, another NVO volume story on M1 chart......
Thank you, now it's much more clear.
cut losses short, let profits run.
  • #5,932
  • Sep 3, 2009 12:48pm Sep 3, 2009 12:48pm
Quoting traderathome
PA sandwiched between pivot and 89 ema, with some heavy volume on the run down. Wonder if consolidation on the road south? Net price change today......nada!
Ok, now we have had a close below the pivot, and the Day Candle is looking pretty bearish......
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  • #5,933
  • Sep 3, 2009 9:19pm Sep 3, 2009 9:19pm
EU M15: Possible trade as I currently see it.
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  • #5,934
  • Sep 3, 2009 10:04pm Sep 3, 2009 10:04pm
Quoting traderathome
EU M15: Possible trade as I currently see it.
I see the setup but would you take it in the Asian Market with 2 hrs to go before the LA and 3 hrs before the LO open? If so would you please explain.
  • #5,935
  • Sep 3, 2009 10:56pm Sep 3, 2009 10:56pm
Quoting Pipdance
I see the setup but would you take it in the Asian Market with 2 hrs to go before the LA and 3 hrs before the LO open? If so would you please explain.
If price falls thru entry area, and if I enter, I risk the price being pumped back up for FO/LO. And if the price is later pumped up, the chart might later show the entry area a bit higher. If I do not enter, I risk the price continuing to fall, as infrequently happens in the asian session. Yes, I might enter to avoid the risk of missing out on continued run down. If price is instead pumped later, I could always add a bit more if the entry later is enough higher to warrent that. If I were looking for a top, to enter, I would definately wait. But that is not the SonicR Method.

Edit: Truely, the best is to wait for FO/LO and see what might set up then. I might enter earlier if setup starts to run, but I posted the chart since often the entry area is about the same later at FO/LO. It could be higher, though. Then, there is the other side of the coin....it could go off on a trip north! So, it truely is best to wait.
  • #5,936
  • Sep 4, 2009 12:23am Sep 4, 2009 12:23am
EJ Set up.

Price has made a Lower High and wave analysis suggests a downward move. Dragon is also tilting down.

Any views please?
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  • #5,937
  • Sep 4, 2009 12:44am Sep 4, 2009 12:44am
EU M15: Looks like a Bear Channel. If so, most likely a drop is coming up.
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  • #5,938
  • Sep 4, 2009 1:01am Sep 4, 2009 1:01am
Quoting snusnufreak
TAH, I don't really use the volume indi, as I never tried to fully understand how it works, even though I remember quite a few discussions about ways of its interpretation.

May be you can come up with some sort of manual on volumes, just like basber did time ago with the SonicR? I think everyone in this thread would really appreciate it. I wish I could help, but as I allready told you, I'm clueless about how the volumes work.

However, what i see is a reverse H&S pattern which perfectly alligns with Sonic waves. and it seems like we had a neckline...
Target of 92.75 was reached, but the move up was very choppy and tough-going, so I decided to exit the trade at the BE+1 at the early stage of the move up.

The lesson here to learn is: Trade only those set-ups which are crystal clear to you and avoid choppy price action. This will save your nerves and money.
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  • #5,939
  • Sep 4, 2009 1:05am Sep 4, 2009 1:05am
Quoting snusnufreak
Target of 92.75 was reached, but the move up was very choppy and tough-going, so I decided to exit the trade at the BE+1 at the early stage of the move up.

The lesson here to learn is: Trade only those set-ups which are crystal clear to you and avoid choppy price action. This will save your nerves and money.
Yes, volume interpretation is subjective and other technicals are the glue that puts it together, especially price action.

I do not see the reverse H & S (hope it is not at the top of a run, because that would not be a reverse H & S).
  • #5,940
  • Sep 4, 2009 1:25am Sep 4, 2009 1:25am
Well, here I am at Narita International aiport.

Managed to get my laptop online at the hotel and am looking for a setup.


Looks like we may be getting one on EUR/USD.
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Starting to see instead of just looking.
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